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Code · New Jersey · Title 55 — Fiduciaries and Trusts · Chapter 17

55:17-1. Continuation of lease or financial arrangement on default or foreclosure of mortgage loan

75 words·~1 min read·/nj/title-55/chapter-17/55-17-1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any lease or financial arrangement made by any governmental body or agency of this State pursuant to statute in connection with a project for redevelopment, renewal or rehabilitation shall continue in full force and effect beyond any default in or foreclosure of any mortgage loan made to finance the project, as though such default or foreclosure had not occurred, subject to the provisions of this act.
L.1967, c. 304, s. 1, eff. Feb. 15, 1968.
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